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S. Korea's March Official Reserves At Record High

4/3/2012 12:23 AM ET

South Korea's official reserves rose further to a record high in March driven by an increase in investment profits, the Bank of Korea said Tuesday.

Official foreign reserves totaled $315.95 billion, up $0.15 billion from the preceding month.

Securities fell by $4.91 billion to $284.59 billion in March and SDRs dropped slightly to $3.54 billion.

Meanwhile, deposits rose $5.02 billion to $22.99 billion. The country's IMF reserve position totaled $2.66 billion, up $60 million. Gold remained unchanged at $2.17 billion.

As of the end of February, Korea's foreign reserve holdings remained the 7th largest in the world.

by RTT Staff Writer

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